From the article
“The epidemic is moving faster than we economists can work,” said a blog last week by World Bank senior economist David Evans and Center for Global Development senior fellow Mead Over.
“The latest information suggests that even the World Bank’s ‘High Ebola’ scenario may be optimistic,” they said. They cited especially the effect of “aversion behaviour” – the fear factor that leads to closed borders, reduced trade, suspended airline flights and the curtailing of commercial activities by multinational companies in West Africa.
The latest Ebola cases in Spain and Dallas “generate aversion behaviour towards Africa which threatens to persist and damage African economic growth for years to come,” the two economists said.
Read the article here
